By now, everyone has heard about the Internet of Things (IoT), which refers to the billions of devices around the world that are now connected to the internet, collecting and sharing data. Turning dumb objects – from refrigerators to cars to watches – into intelligent aggregators of data creates a new layer of machine learning, and digital communication. This merging of the digital and physical can be found in almost every industry, and is a significant growth area for real estate. Smart city projects are filling select urban areas with sensors, enabling them to understand and control the environment. Within a building, energy efficiencies can be made and predictive maintenance performed. Asset managers can now make better decisions based on real time data that doesn’t just create more awareness around the asset’s current position, but how it can generate more market value.READ MORE

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